Conduct, Culture & Accountability

Hong Kong AFRC Sets Expectations for PIE Auditors

03/07/2024

The AFRC has reminded PIE auditors to be prepared for undertaking PIE engagements as gatekeepers for the capital market.

Structural Regulation

AFCA Publishes New Rules and Operational Guidelines

02/07/2024

The new rules are approved by ASIC and provide complete transparency into how the AFCA operates.

Fraud, Scams & Cybercrime

FSC Issues New Standard on Fraud and Scam Mitigation for Super Funds

02/07/2024

The new standard requires funds to implement multifactor authentication for all high-risk transactions and to have clear procedures to prevent fraudulent events.

Structural Regulation

SFC Streamlines Approvals for ILAS Marketing Materials

01/07/2024

Approval will no longer be required for “immaterial changes” to ILAS marketing materials that are already authorised by the SFC.

Data Privacy

China, Hong Kong Pilot Cross-boundary Credit Referencing

01/07/2024

The MoU between the HMKA and PBOC on cross-boundary commercial credit data connectivity is “essential” for healthy development of the banking sector.

Anti-Money Laundering

Australia Law Body Issues Guidance on AML

01/07/2024

The guidance will safeguard  legal practitioners from being “unwittingly” misused by financial criminals.

Payments & Settlements

HKMA, PBOC To Establish Cross-border Payment Link

01/07/2024

The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.

Data Privacy

Hong Kong’s FSDC Calls for Adoption of Digital ID System

29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Clearing & Post-Trade

ASX to Deliver First Phase of CHESS Replacement in 2026

29/06/2024

ASX has confirmed it will target delivery of the first phase of its CHESS replacement project in 2026.